U.S. non-farm employment increased by 29,000 in September, with unemployment rate rising to 4.2%
2026-10-05 19:53:05
CoinMeta data: In September, non-farm employment in the United States increased by 29,000 jobs, lower than the market's expectation of 90,000 jobs, and the unemployment rate rose to 4.2%. The total number of new jobs added in July and August was revised down by 60,000, with the average increase over three months dropping to about 50,000 jobs. Average hourly wages increased by 0.1% month-on-month and 3.0% year-on-year, indicating a slowdown in hiring momentum and wage pressures. The market has lowered its expectations for interest rate hikes in October, with policy focus shifting to whether a hike will occur by the end of the year. G7 announced that it will release 100 million barrels of crude oil and diesel reserves over the next four months, and the United States has abandoned its ban on diesel exports. The consistency between the cooling of employment and inflation will affect interest rate expectations, U.S. Treasury yields, and the valuation of crypto assets.
Source:Internet
This content is for market information only and does not constitute investment advice.
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